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HRES248

Is The Bill "Emphasizing the importance and power of distributed ledger technologies (DLT) to support democratic governance, human rights, internet freedom, and transparency." Crypto Friendly?

Description:

This bill emphasizes the significant potential of distributed ledger technologies (DLT), including blockchain, to bolster democratic governance, human rights, internet freedom, and transparency. It urges various U.S. government agencies to explore and support DLT development and application in these critical areas. Additionally, it encourages promoting DLT to combat censorship and calls for U.S. leadership in establishing a supportive regulatory framework that fosters ethical use while addressing potential risks and promoting sustainability.

Date Introduced:

2025-03-25

Status:

Introduced and Sponsored

Stance on Crypto:

Very Pro-Crypto

Links:

  • https://www.congress.gov/119/bills/hres248/BILLS-119hres248ih.pdf
  • https://www.congress.gov/bill/119th-congress/house-resolution/248
  • https://www.govtrack.us/congress/bills/119/hres248

Primary Commentary:
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This bill is unequivocally pro-crypto as it broadly champions Distributed Ledger Technologies (DLT) for positive societal applications. It explicitly recognizes DLT's potential benefits for strengthening democratic governance, enhancing transparency, promoting human rights, and supporting sustainability. The resolution cites specific, useful applications such as identity management, land rights, combating misinformation, securing government documents, and facilitating humanitarian aid through direct cash transfers, all of which fall under enabling major useful applications for crypto-related technologies. Furthermore, it advocates for the use of DLT to combat censorship and safeguard free expression, aligning with protecting access and reducing arbitrary regulatory barriers. The resolution directly urges US government agencies to "explore and support the development and application" of DLT and calls for a "regulatory and policy framework that encourages the ethical use" of these technologies. This signals a desire for enabling regulatory clarity rather than restrictive measures. The overall tone is highly positive, promoting research, innovation, and investment in DLT, with only a minor, balanced mention of addressing risks without imposing new burdens.

Congress members who support this bill

Sponsors

Profile picture of Gabe Amo
Gabe Amo

Cosponsors

Profile picture of Young Kim
Young Kim

Additional Commentary

No additional commentary for this bill yet